mutual fund

/M Y UW1 CH AH0 W AH0 L F AH1 N D/
noun
  1. 1

    A form of collective investment in which money from many investors is pooled and invested in stocks, bonds, short-term money market instruments, and/or other securities under the direction of a fund manager.

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Source: https://en.wiktionary.org/wiki/mutual%20fund

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